Thunes, a leading global payments network, has announced a significant collaboration with Sterling Bank, a prominent Nigerian commercial bank. This strategic partnership is designed to considerably improve and accelerate cross-border payments for the vast population of Nigerians residing abroad, offering a faster, more reliable, and highly convenient method for diaspora customers to send funds to Nigeria.

With an estimated 17 million Nigerians living overseas, there is a critical and growing demand for secure, efficient, and consistent financial connections to their home country. This alliance directly addresses this need by leveraging Thunes’ robust Direct Global Network. Through this extensive network, Sterling Bank will be able to substantially expand its services across several key European markets. This expansion will empower Sterling Bank account holders in these regions to execute instant cross-border payments, thereby facilitating easier financial management and providing vital support for their families in Nigeria.

Daniel Parreira, SVP, Sales – Africa at Thunes, articulated the profound impact of this partnership, stating, “Together, we’re enabling a new level of convenience, speed, and confidence for customers managing finances across borders. This alliance demonstrates our ongoing dedication to making global money movement instant, transparent and accessible for all.” His statement underscores Thunes’ unwavering commitment to transforming the global financial landscape through innovative and accessible payment solutions.

Complementing this perspective, Ayodeji Saba, Head of Switch & Remittances at Sterling Bank, highlighted the direct and tangible benefits for their customer base. Saba remarked, “With Thunes’ trusted technology, we’re providing our customers a faster, more reliable, and more affordable way to fund their Sterling Bank accounts from their foreign bank accounts. It’s a step forward in improving the experience for our diaspora community.” This collaboration represents a substantial advancement in Sterling Bank's efforts to more effectively serve its diaspora community, ensuring that financial support can be delivered with unparalleled ease and efficiency.